Brother is no longer in the rivers and lakes, there are still legends of brother in the rivers and lakes, from empty-handed to in debt, how did Xu Jiayin do it?
Xu Jiayin was born in 1958 in Jutaigang Village, Zhoukou City, Henan Province, and in 1992, Xu Jiayin left Henan Wuyang Iron and Steel Company, where he had worked for 10 years, and went south to Shenzhen to work hard.
In 1997, at the age of 39, Xu Jiayin founded Evergrande Industrial Group Company and developed his first real estate project in Guangzhou, which also opened his way to make a fortune in real estate.
On November 5, 2009, Evergrande Real Estate was officially listed on the Hong Kong Stock Exchange, and Xu Jiayin became the richest man in Chinese mainland for the first time with a value of 42.2 billion yuan.
With the turbulence of the financial market and policy adjustments, Evergrande's financial sector has serious problems, tens of billions of wealth management products cannot be redeemed, and the company's capital chain has problems.
On August 17, 2021, Xu Jiayin stepped down as the chairman of Evergrande Real Estate, and on December 3, 2021, Evergrande Group publicly issued an announcement on the Hong Kong Stock Exchange that it could not fulfill its guarantee obligations, and Evergrande officially thundered.
On September 28, 2023, Xu Jiayin officially announced that he had been taken compulsory measures in accordance with the law.
The comments on Xu Jiayin on the Internet are overwhelming, and there are several key ones: First, in the process of Evergrande's crazy expansion, the lawyers and accountants team were seriously derelict in their duties, which directly led to the end that Xu Jiayin and Evergrande executives were controlled, and it is rumored that Xu Jiayin's youngest son Xu Tenghe was also arrested at the same time.
Xu Jiayin's ex-wife, Ding Yumei, and eldest son, Xu Zhijian, are believed to be hiding in Canada.
The second is that the people are not concerned about how long Xu Jiayin will step on the sewing machine in the future, but what the people really care about is how to deal with Evergrande's huge debts and how to deal with the unfinished buildings
In August 2005, Jutaigang Village set up a merit monument for Xu Jiayin on the square.
Xu Jiayin went south to Shenzhen in 1992 to Evergrande in 2023, and the only thing that can be "immortal" may be the merit monument in Jutaigang Village.